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      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://news.bitcoin.com/russia-urges-countries-develop-common-approach-cryptocurrencies/",
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      "body": "![medvedev-press-conf-300x214.jpg](https://steemitimages.com/DQmbEukGUxcnKcWf7QxXHCkjr2iVxNgWQncSPEDs57yy3KM/medvedev-press-conf-300x214.jpg)\n\nThe Russian Prime Minister Dmitry Medvedev has asked the leaders of the Eurasian Economic Union countries to jointly develop a common approach to cryptocurrencies. Both the Russian central bank and the prime minister believe that cryptocurrencies should not be restricted to one nation’s framework.\n\nAlso read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies\n\nA Common Approach to Cryptocurrencies\nRussia Urges 4 Other Countries to Develop Common Approach to Cryptocurrencies\nDmitry Medvedev at the Friday forum.\nRussia’s prime minister Dmitry Medvedev urged the countries of the Eurasian Economic Union (EAEU) to develop a common approach to cryptocurrencies, Tass reported. At “The Digital Agenda in the Era of Globalization” forum on Friday, he expressed the necessity of bringing together “approaches to cryptocurrencies within the framework of the EAEU.”\n\nThe EAEU has five member countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Russia. Other than Medvedev, the meeting was attended by Prime Minister of Armenia Karen V. Karapetyan, Prime Minister of Belarus Andrei Vladimirovich Kobyakov, Prime Minister of Kazakhstan Bakytzhan Abdirovich Sagintayev, Prime Minister of Kyrgyzstan Sapar Dzhumakadirovich Isakov, and Chairman of the Board of the Eurasian Economic Commission Tigran S. Sargsyan.\n\nRussia Urges 4 Other Countries to Develop Common Approach to Cryptocurrencies\nRepresentatives of the EAEU countries and Chairman of the Board of the Eurasian Economic Commission.\nRegarding cryptocurrencies, Medvedev told the other EAEU leaders:\n\nWe should not be locked into the framework of the national model…It is impossible to implement these principles within one country; we need to bring our approaches closer to the level of the Union…Otherwise, all this will be under a completely different angle to develop and will not look completely understandable and legitimate.\nCiting that some of his peers said that “it would be possible to pay with cryptocurrencies,” Medvedev was quoted saying, “Let’s take a closer look because our economies are too tightly and closely related.” The prime minister also suggested preparing international conventions of cryptocurrencies, stressing the need to “synchronize efforts in this area with the EAEU countries.”\n\nRussia Urges 4 Other Countries to Develop Common Approach to Cryptocurrencies\n\nRussian Central Bank Agrees\nIn late December, First Deputy Chairman of the Bank of Russia, Olga Skorobogatova, said that the bank supports the idea of issuing a supranational cryptocurrency in the territory of EAEU or within the BRICS countries. She was quoted by Vedomosti:\n\nThe introduction of the national digital currency seems to us not entirely justified from the point of view of macroeconomics…The question that seems to us worth discussing on the site with our colleagues is the introduction of a digital currency in the territory of the Eurasian Economic Union or within the BRICS.\nDo you think the Eurasian Economic Union countries should develop a common framework for cryptocurrencies? Let us know in the comments section below.\n\nImages courtesy of Shutterstock and the Russian government.\n\nNeed to calculate your bitcoin holdings? Check our tools section.",
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      "body": "The union budget 2018 had its rivals coming in most fields. Where the government made the life of lower-class sections and senior citizens rather easy, it was hard on the middle-class as Cryptocurrency startups and exchanges in India. Finance Minister Arun Jaitley, in the Union Budget for 2018-19, said:\n\n“…The Government does not consider crypto-currencies legal tender or coin and will take all measures to eliminate use of these crypto-assets in financing illegitimate activities or as part of the payment system. The Government will explore use of Blockchain technology proactively for ushering in digital economy.”\n\nWhile Cryptocurrency is not a legal the government is researching on its used technology, blockchain, for the digital economy. Arun Jaitley mentioned that the government is seeking to take measures to eliminate the use of crypto-assets in financing illegitimate activities or as payments.\n\nBoth governments and banks are tackled with fixating to deal with cryptocurrencies, such as bitcoin. Many Asian countries have cracked down cryptocurrency, like Japan and China while South Korean policymakers. In the US, privacy issues could be a problem while both Germany and Singapore are cautious since there was no regulatory protection for investors.\n\nThe income-tax department has been set to issue thousands of notices to people engaged in cryptocurrency and those who have invested in such after a nationwide survey revealed that more than $3.5 billion worth of transactions have been conducted over a 17-month period. In India, the use of cryptocurrency is a violation of foreign-exchange. Reserve Bank of India has a group under research whether the digital currencies can be used as legal tenders or not.\n\nIndia has always been opposed to cryptocurrency, claiming that they can be a channel for money laundering and terrorist financing, of course engaging and rising to deep at dark internet. Even social media companies like Facebook announced that it was banning all ads related to cryptocurrencies in an effort to fight scams.\noriginal post:- http://bit.ly/2nJcXzY",
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      "body": "Mr. Arun Jaitley said \"The government does not consider cryptocurrencies as a legal tender or coin and will take all measures to eliminated the use of these crypto assets in financing illegitimate activities or as a payment system.\"\n\nHe later in an TV interview said that India is not banning the coins but are de-motivating the people so that they don't get scammed in ponzy schemes available on the internet.",
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      "body": "**Coins mentioned in post:**\n\nCoin | | Price (USD) | 📈 24h | 📉 7d\n- | - | - | - | -\n**BTC** | Bitcoin | 9277.940$ | _8.08%_ | _-21.21%_\n**COB** | Cobinhood | 0.290$ | _17.53%_ | _-41.67%_\n**ETH** | Ethereum | 964.522$ | _7.04%_ | _-17.86%_\n**LTC** | Litecoin | 171.040$ | _34.04%_ | _-7.98%_\n**XRP** | Ripple | 0.945$ | _13.11%_ | _-26.52%_",
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      "author": "cheetah",
      "body": "Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:\nhttps://news.bitcoin.com/crowdfire-founders-plan-to-launch-indian-bitcoin-exchange/",
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      "body": "Cryptocurrencies have grown popular in India, and digital asset markets in the region have seen exponential growth despite uncertainty from the Indian government. Now, this week the founders of the popular application Crowdfire have announced the team is launching an Indian-based bitcoin exchange this March.\n\n\nCrowdfire Founders Plan to Launch a Cryptocurrency Exchange This March\nCrowdfire Founders Plan to Launch Indian Bitcoin ExchangeOn the same day the Finance Minister Arun Jaitley of India discussed digital currencies and blockchain the founders of Crowdfire announced they are creating an Indian cryptocurrency exchange this March. The trading platform will be called Wazirx, and it’s being built by Nischal Shetty, Anirudh Khusape, Sameer Mhatre, and Siddharth Menon who developed the well-known Android app that boasts 19Mn users. Shetty says he’s been into cryptocurrencies since 2009 and he tested out mining bitcoins in the early days. This year he said he got “sucked in to the blockchain rabbit hole” and decided to build a cryptocurrency exchange for India.\n\nNischal Shetty: ‘Current Exchange Standards In India Is a Frustrating Experience’\nShetty says he’s not pleased with the current exchange standards in the country and wants to build a more transparent product. “If the frustrating experience of substandard product wasn’t enough, I was surprised to see how opaque most of the exchanges were in terms of communicating with their users — When dealing with other people’s money, transparency is the best way forward,” explains the Crowdfire founder.  \n\nPeople trust us with their money, we need to provide them with clear information on what’s happening behind the scenes, why something’s not working right, what features we’re building, what fees we charge them, etc. It’s also our responsibility to inform users prior to making changes that affect them.\nDespite Government Uncertainty the Crowdfire Co-Founder Says His Team Plans to Be Very Vocal About Blockchain In India\nCrowdfire Founders Plan to Launch Indian Bitcoin Exchange\nNischal Shetty founder of the popular Android app Crowdfire.\nWazirx is also creating an ‘exchange-backed token’ called WRX that will be similar to other trading platform tokens that Binance and Cobinhood offer. Every Indian resident will be given a certain amount of WRX for free if they register and verify the identity of their accounts. Shetty details they will buy back the WRX equivalent to “10% of our quarterly profit as and when profitability is achieved.” The exchange launch will begin in March and start by listing ethereum (ETH), bitcoin core (BTC), ripple (XRP), and litecoin (LTC) with more coins to follow, Shetty explains.\n\nWazirx says it has “top of the line identity verification systems that process KYC within a few hours of signing up” and the firm will have regular security audits. The exchange will also have Android and iOS mobile apps, the website reveals. Even though the country’s central bank and politicians have been leery about cryptocurrencies, Shetty says his team will be very vocal about the technology and believes India will be a crypto-frontrunner.       \n\n“Once in a lifetime does a generation get to be part of something that brings about a paradigm shift in the world — While India has been a follower of trends, I believe we can be the frontrunners in the crypto adoption,” Shetty emphasizes.\n\nExpect us to be very vocal about what’s happening in the blockchain space in India.\nWhat do you think about the founders of Crowdfire launching an exchange in India? Let us know what you think in the comments below.\n\nOriginal post:- http://bit.ly/2nzBSXI",
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